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ING (NYSE:ING) announces the sale of its Hong Kong, Macau and Thailand insurance units in a combined transaction to Pacific Century Group for $ 2.14 billion in cash. Pacific Century Group is a private firm owned by billionaire Richard Li. The sale of these assets would net a gain of about € 1 billion for ING.
According to a report by Reuters, BP’s (NYSE:BP) board is to meet on Friday to consider Rosneft’s cash and stock offer worth over $ 25 billion for BP’s 50% stake in TNK-BP. Meanwhile, BP filed to confirm that the 90 day period contained in the TNK-BP shareholder agreement has expired, and that announcements will be made as and when new developments occur.
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Zynga (NASDAQ:ZNGA) has reportedly settled its trademark dispute with French studio Kobojo, the maker of a game called PyramidVille as Zynga attempted to protect its “Ville” branding. But gaming website Gamasutra quotes a Kobojo representative who says, ”Although the terms of the parties’ settlement are confidential, the parties can confirm that neither party made any payment as part of the settlement.”
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